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Akhmeem
Jul 27, 2015 3:03 PM

Waiting to test trend line resistance Short

New Zealand Dollar/U.S. DollarFXCM

Description

As Kiwi is trading in a clear down trend in the daily chart, I am looking for selling opportunity with a short term setup. Also it has tested a strong support on February, August 2007, and May and June 2010's bottom. There is a good chance of breaking that support as USD will likely get strengthened more in coming weeks.
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